Fast-growing wealth manager and Financial Planner Perspective Financial Group completed two more acquisitions shortly before the Christmas break, adding £190m AUM to the firm.

It acquired £135m AUM Colchester-based Park Lane Independent Financial Advisers Ltd which has 300 households as clients.

It also added the £55m AUM client banks of former Fairstone Financial Management colleagues Simon McGechie and Paul Adams, bringing in 265 clients.

The cost of the acquisitions has not been disclosed.

Perspective, based in Chorley, Lancashire, made 22 acquisitions in 2023 bringing the total to 78 since it was founded 16 years ago and trebling its size in the last five years.

It now has 500 staff, 38 local offices and 140 Financial Planners, a third of whom qualified to Chartered level or above. It manages £8bn of assets on behalf of clients.

Ian Wilkinson, chief executive said: “2023 was a pivotal year for us. Successfully completing, and importantly, integrating an acquisition almost every two weeks is testament to the professionalism of our team and a reflection of us delivering on our core values on a daily basis.”

Park Lane directors Andrew Frettingham and Paul Southgate said: “After meeting Ian Wilkinson and David Hesketh, the group’s chief financial officer, it became clear they share our client-focused approach while retaining the feel of a smaller, local firm.

“They have reassured us on two key considerations which are firstly, no significant changes for our clients; secondly, career security and progression opportunities for our valued and talented long-standing staff.”

Simon McGechie said: “I have been considering my personal future for a while. With a desire to provide continuity of service to clients, I carried out a thorough search to identify the best long- term partner who shares and lives my personal values and standards of client service and professionalism.”

Paul Adams added: “Perspective’s impressive approach to its in-house Academy gives me confidence that my clients will be well advised long into the future.”

Private equity firm CBPE Capital LLP is a major backer of Perspective.